Jennison Associates LLC Acquires 370,746 Shares of Dutch Bros Inc. $BROS

Key Points

• Jennison Associates dramatically increased its stake in Dutch Bros by 370,746 shares (a 3,274.9% increase), bringing its holding to 382,067 shares worth about $23.39 million (roughly a 0.23% ownership position).
• Wall Street is broadly bullish on BROS with a consensus rating of "Moderate Buy" and an average price target of $75.50, supported by recent upgrades/initiations from Goldman Sachs, BNP Paribas Exane, Oppenheimer and others.
• Dutch Bros recently beat Q4 expectations—reporting $0.17 EPS vs. $0.10 expected and $443.6M revenue (up 29.4% YoY)—while trading at a premium valuation (market cap ≈ $9.36B and a P/E of about 88.9).

Jennison Associates LLC lifted its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 3,274.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 382,067 shares of the company's stock after buying an additional 370,746 shares during the quarter. Jennison Associates LLC owned about 0.23% of Dutch Bros worth $23,390,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Osterweis Capital Management Inc. acquired a new stake in Dutch Bros in the second quarter worth about $27,000. Rakuten Securities Inc. increased its position in Dutch Bros by 557.4% in the second quarter. Rakuten Securities Inc. now owns 447 shares of the company's stock worth $31,000 after purchasing an additional 379 shares during the period. Brown Lisle Cummings Inc. acquired a new stake in Dutch Bros in the fourth quarter worth about $31,000. MAI Capital Management increased its position in Dutch Bros by 139.0% in the third quarter. MAI Capital Management now owns 834 shares of the company's stock worth $44,000 after purchasing an additional 485 shares during the period. Finally, Caitlin John LLC acquired a new stake in Dutch Bros in the third quarter worth about $44,000. 85.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BROS. The Goldman Sachs Group upgraded Dutch Bros from a "neutral" rating to a "buy" rating and set a $75.00 price objective for the company in a research report on Monday, March 2nd. BNP Paribas Exane began coverage on Dutch Bros in a research report on Monday, March 30th. They issued an "outperform" rating and a $73.00 price objective for the company. KeyCorp reiterated an "overweight" rating on shares of Dutch Bros in a research report on Friday, January 9th. Oppenheimer began coverage on Dutch Bros in a research report on Friday. They issued an "outperform" rating and a $72.00 price objective for the company. Finally, Evercore set a $73.00 price objective on Dutch Bros in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.50.

More Dutch Bros News

Here are the key news stories impacting Dutch Bros this week:

• Positive Sentiment: Oppenheimer initiated/maintained a bullish view, giving Dutch Bros a "bull" rating that can boost investor demand and fund flows. Coffee buzz: Dutch Bros lands a bull rating from Oppenheimer
• Positive Sentiment: Analysts are penciling in a Q1 earnings beat for Dutch Bros, reinforcing expectations that the company can continue to deliver top-line growth and margin progress. Analysts see Dutch Bros poised for Q1 earnings beat
• Positive Sentiment: From a technical perspective, BROS just cleared its 200-day moving average — a common long-term bullish signal that may attract momentum traders. Dutch Bros (BROS) Just Overtook the 200-Day Moving Average
• Positive Sentiment: High-profile media support: Jim Cramer publicly called it "an excellent time to enter," which can spur retail buying and short-term interest. Jim Cramer on Dutch Bros: “I Think It’s an Excellent Time to Enter”
• Positive Sentiment: Product/newsflow: Dutch Bros rolled out new seasonal drinks for May, a marketing push that can lift comps and traffic in the near term. Dutch Bros splashes into summer with new drinks. See the flavors
• Neutral Sentiment: Coverage/education pieces are driving attention — several Zacks articles discuss valuation, trending status and whether Wall Street’s bullish views justify buying, which can increase chatter but may not move fundamentals. Is It Worth Investing in Dutch Bros (BROS) Based on Wall Street's Bullish Views?
• Negative Sentiment: Local competition is expanding: two new 7 Brew coffee shops are opening in Shreveport, highlighting regional competitive pressure that could blunt share gains in select markets. Two new 7 Brew coffee shops are coming to Shreveport

Dutch Bros Price Performance

Dutch Bros stock opened at $56.87 on Friday. The firm has a market capitalization of $9.36 billion, a P/E ratio of 88.85, a PEG ratio of 1.65 and a beta of 2.40. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $77.88. The business has a 50-day moving average of $52.23 and a 200-day moving average of $55.99. The company has a current ratio of 1.49, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.07. The company had revenue of $443.61 million during the quarter, compared to analyst estimates of $424.44 million. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.The company's revenue for the quarter was up 29.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 EPS. On average, equities analysts anticipate that Dutch Bros Inc. will post 0.82 EPS for the current year.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.

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